Growth expert leaderboard · Expert

Ron Schneidermann

· LinkedIn

6 insights on Product and Monetization from 2 talks and podcasts, each with the quote and a link to the moment it was said.

Is this you? Suggest an edit

Product

Product

When internationalizing, start small. You can start with localizing for other English-speaking countries first: UK, Australia, New Zealand, etc. Start with smaller things before you commit to the harder localization elements.

International Expansion as a Growth Lever at 20:50 · Featured in Growth Gems #108

Product

It’s easy to underestimate how much language support slows down your product development lifecycle (by introducing cardinality): design takes 30% longer, coding, marketing, app store listing. This slows down velocity until you figure out how to operationalize it.

International Expansion as a Growth Lever at 17:35 · Featured in Growth Gems #108

Product

More often than not, it’s not a well-entrenched competitor who is your barrier to growth in a local market. It’s about what you don’t understand and what you’re not delivering yet in terms of product or monetization strategy.

International Expansion as a Growth Lever at 27:40 · Featured in Growth Gems #108

Sylvain's take:

They did have a harder time in Germany because there was an entrenched competitor, but he also mentioned something they understood there (and in Japan): people like local products.

Product

There are different product-channel fits depending on the market and different strategies in different markets to generate revenue. Example: some countries don’t like annual renewing subscriptions.

International Expansion as a Growth Lever at 21:35 · Featured in Growth Gems #108

Product

When internationalising, you need to understand, for each country, where in the funnel you have the most leverage and opportunity and where you’re the weakest.

International Expansion as a Growth Lever at 20:50 · Featured in Growth Gems #108

Sylvain's take:

Ron shared that several things may end up being country-specific: strategy/playbook, funnel, and analytics.

Monetization

Monetization

From qualitative research in 2015 (App Store reviews, Reddit, blog posts, etc.) they learned that people found $50/year to be too expensive. So they tested $15/year vs. $30/year and had pretty much the same revenue. But they went with the higher $30/year because it allowed some flexibility with promos, discounts, etc. They’re still experimenting with this.

Growing Your App to 1M Paid Subscribers · Featured in Growth Gems #59